Question 1

The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

Options :

A : Budget Controller

B : Budget Group

C : Account Group

D : Budget Account Group

E : Application Development Framework Desktop Integration (ADFdi)

Answer: C

Question 2

Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.D18912E1457D5D1DDCBD40AB3BF70D5DAfter opting in the new feature Spend Authorization with Budgetary Control, what additional three actionsneedto be accomplished to activate this feature? (Choose three.)

Options :

A : Enable Payment Request Subtypes

B : Rebuild the GL Balances Cube

C : Create a Payment Process Profile

D : Rebuild the Budgetary Control Cube

E : Enable spend authorization

Answer: A,D,E

Question 3

Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accountsbut are required to transact and report in their local currency.What is the minimum number of ledgers you need and why?

Options :

A : One, because they can all share the same chart of accounts

B : Three, because each requires a different currency

C : Two, because the US and Canada can share the same ledger because they are in North America

D : Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

Answer: B

Question 4

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

Options :

A : Create an Account Group using Account Monitor

B : Use Account Inspector

C : Open a Smart View file saved on your desktop

D : Perform an account analysis online

Answer: A

Question 5

A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS). Which two ledger types should be configured to fulfill this reporting requirement?

Options :

A : Reporting currency with the local accounting convention

B : Reporting currency with the IFRS accounting convention

C : Secondary ledger with the IFRS accounting convention

D : Primary ledger with the IFRS accounting convention

E : Primary ledger with the local accounting convention

Answer: C,E

Free 1D0-1054-26-D Mock Exam – Practice Online Confidently

Buying Options: